Upwork Inc [NASDAQ: UPWK] price plunged by -3.43 percent to reach at -$0.32.
The one-year UPWK stock forecast points to a potential upside of 38.46. The average equity rating for UPWK stock is currently 1.55, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Upwork Inc [UPWK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UPWK shares is $14.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UPWK stock is a recommendation set at 1.55. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Upwork Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 02, 2024. The new note on the price target was released on May 02, 2024, representing the official price target for Upwork Inc stock. Previously, the target price had yet another raise from $13 to $20, while Jefferies kept a Buy rating on UPWK stock.
The Average True Range (ATR) for Upwork Inc is set at 0.63, with the Price to Sales ratio for UPWK stock in the period of the last 12 months amounting to 1.60. The Price to Book ratio for the last quarter was 3.29, with the Price to Cash per share for the same quarter was set at 3.77. Price to Free Cash Flow for UPWK in the course of the last twelve months was 19.50 with Quick ratio for the last quarter at 3.00.
UPWK Stock Performance Analysis:
Upwork Inc [UPWK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.46. With this latest performance, UPWK shares dropped by -20.90% in over the last four-week period, additionally sinking by -37.69% over the last 6 months – not to mention a drop of -36.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UPWK stock in for the last two-week period is set at 28.33, with the RSI for the last a single of trading hit 22.08, and the three-weeks RSI is set at 32.56 for Upwork Inc [UPWK]. The present Moving Average for the last 50 days of trading for this stock 10.84, while it was recorded at 9.79 for the last single week of trading, and 12.50 for the last 200 days.
Insight into Upwork Inc Fundamentals:
Upwork Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.00 and a Current Ratio set at 3.00.
Upwork Inc [UPWK] Institutonal Ownership Details
The top three institutional holders of UPWK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in UPWK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in UPWK stock with ownership which is approximately 5.1238%.
